Profit vs Charge

Technical problems with Medisoft.
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PPS3510
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Profit vs Charge

Post by PPS3510 » Thu Jan 19, 2017 5:54 pm

Can Medisoft calculate the profit of a product (Botox, Juvaderm, Voluma)? Example: 20 units of botox cost us $150 but we bill patient $300 (all self-pay), is there a way to calculate the difference as a profit?

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Gavin Walker
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Re: Profit vs Charge

Post by Gavin Walker » Fri Jan 20, 2017 11:09 am

If you edit the Product code in Medisoft go to the Amounts tab and there you can enter the Cost of Service/Product.When you run the Practice Analysis report there are columns for Amount, Cost, and Net.
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PPS3510
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Re: Profit vs Charge

Post by PPS3510 » Fri Jan 20, 2017 11:20 am

Thank you so much! I will work on that. I really appreciate all your help and knowledge.

PPS3510
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Re: Profit vs Charge

Post by PPS3510 » Thu Feb 23, 2017 10:29 am

on this report what is the difference between total cash/check/credit card copayments and total patient cash/check/credit card payments?

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Gavin Walker
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Re: Profit vs Charge

Post by Gavin Walker » Thu Feb 23, 2017 12:02 pm

Those are based on the code types you assign to each payment code. You can split out and track cash/check/credit card payments and co-payments.

PPS3510
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Re: Profit vs Charge

Post by PPS3510 » Fri Apr 28, 2017 8:05 am

is there a report that will calculate patient AR for a specific time frame? Example Dr wants to know what his outstanding AR was as of 12/31/2015 and as of 12/31/2016. I tried patient aging with that as the on or before date but not getting an accurate report. I've looked through the reports and just can't find one that works for that. Thanks in advance for your assistance.

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Gavin Walker
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Re: Profit vs Charge

Post by Gavin Walker » Fri Apr 28, 2017 8:35 am

If you setup allowed amounts in Medisoft, then try Reports -> Medisoft Reports -> Aging Power Pack -> Patient Aging by Allowed Amount.

PPS3510
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Re: Profit vs Charge

Post by PPS3510 » Fri Apr 28, 2017 9:18 am

okay, so if that wasn't done there is no way to go in and have a report pull what our patient AR was as of 12/31/2015?

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Gavin Walker
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Re: Profit vs Charge

Post by Gavin Walker » Fri Apr 28, 2017 5:07 pm

What's wrong with the Patient Aging Report?

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Re: Profit vs Charge

Post by PPS3510 » Mon May 01, 2017 1:58 pm

its pulling up all current patients and nothing from that time frame. He is going through some tax/legal situation and they are requesting what his outstanding accounts receivable was as of 12/31/2015 and also as of 12/31/2016. But the patient aging reports I pull all have current patients and I've changed PA by statement date to transaction date and still its the same. I'm not sure what other reports I can pull to show what he had outstanding as of those two dates.
Confused lol

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Re: Profit vs Charge

Post by Gavin Walker » Tue May 02, 2017 9:19 am

The problem with the Aging reports is the amounts drop off when the patient has paid in full. The Practice Analysis will give you a nice summarized total. If you want to do it by Entry Date, enter 12/31/2016 in the end Entry Date and leave the from Entry Date blank.

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